Risk Management

The tough task of guessing what hurricane season will look like could be even more difficult this year for forecasters, who won't be able to rely on the relatively predictable forces known as El Nino and La Nina.

The tough task of guessing what hurricane season will look like could be even more difficult this year for forecasters, who won't be able to rely on the relatively predictable forces known as El Nino and La Nina.

Construction companies have been weakened by the recession, the economy is still in recovery and profits are harder to come by, making it more important than ever for risk managers to get the best builders’ risk coverage available. The challenge is finding the best price possible.

Not too many years ago, "green" looked like the new black for property-casualty insurance agents. Now, many see green in shades of gray due to the slow economy, lack of capital investment and no definitive compass to where green growth will occur and how it will be sustained.

Be careful when taking an insurer’s pen

Credit scoring using completely race-neutral factors is permitted under Texas law even if it has an unintended impact on minorities, the state’s Supreme Court ruled late last week.

As the U.S. prepares for what forecasters say will be another above-average hurricane season, Fitch Ratings says first-quarter global catastrophes and the spring tornadoes have already exhausted many reinsurers’ 2011 catastrophe budgets.

Legislation introduced in the Senate late last week by Sen. Roger Wicker, R-Miss, may complicate chances of the National Flood Insurance Program’s long-term reauthorization before the current extension runs out Sept. 30.